Feb. 11 at 8:34 PM
Agibank shares opened at
$11 on Wednesday, below their
$12 IPO price, in their New York Stock Exchange debut. The Brazilian fintech, formally known as AGI Inc., priced its offering of 20 million Class A shares at the low end of its reduced
$12–
$13 range.
At current levels, the company has a market value of about
$1.76 billion based on outstanding shares listed in regulatory filings. Agibank also granted underwriters a 30-day option to purchase up to 3 million additional Class A shares at the IPO price, minus discounts and commissions.
Goldman Sachs and Morgan Stanley are acting as active global coordinators, with Citigroup as passive global coordinator. Bradesco BBI, BTG Pactual, Itaú BBA, Santander, Societe Generale and XP Investment Banking are serving as passive joint bookrunners, while Oppenheimer & Co. and Susquehanna Financial Group are co-managers.
$AGBK $MS $GS